form4oracle.com — Google insider selling has become so fast and furious over the past month that it's completely off the charts. That's not just a figure of speech. It has LITERALLY gone off the charts- take a look for yourself.
Jun 2, 2006 View in Crawl 4
keaneJun 2, 2006
because the submitter used the word "literally", i have no choice but to mark this inaccurate.
rileyjtJun 2, 2006
If this kind of behavior suprises anyone, they've never followed a successful IPO before. It is pretty much garunteed to happen as employees look to diversify their holdings. It usually does put a crimp in the stock price for a little while at least but it really is not an indication of how the company is doing. (not that I would buy Google at their current share price).
gunzourJun 2, 2006
The reason it went to zero has nothing to do with whatever conversion you are referring to. It went to zero because we started a new month and no insider trading for June has been reported yet. That's all.
mrunderbridgeJun 2, 2006
Seriously, "Insider Trading" != "Trading With Insider Knowledge."Generally, shares of insiders go into a blind trust or something.
slezeJun 2, 2006
Wow...there was -700,000 THOUSAND activity at the beginning of may and then 0 activity at the end of May. What is -700,000 THOUSAND activity? Does it mean shares traded? Does it mean dollars acquired? This must have been a graph similar to the ones that Morton Thiokol's engineers used to show that the booster rocket O-rings were no good at low temperatures.There are lies, damn lies and there are statistics.
snowballsJun 2, 2006
Usually a stock split will put blocks of shares in a more reasonable range to encourage trading. A $40 stock will trade more frequently than a $100 stock.
argoffJun 2, 2006
Just for the record, most the stocks in markets across the world have taken a sharp dip lately. People are dumping stocks from almost all companies in a panic, not just google. The underlying cause is that most investors think that the US account deficit is at a dangerous level.
the_dudeJun 3, 2006
I'm not a paid schill at all for the record. I was referring to ha1fway's statistics. 8% of the insider shares were sold. In total there are 303 million shares outstanding. His statistics show almost 8 million shares sold. That's the drop in the bucket I was referring to. Look at this: <a class="user" href="http://finance.yahoo.com/q/ks?s=GOOG">http://finance.yahoo.com/q/ks?s=GOOG</a> The daily volume of the stock traded daily is almost 7 million shares. In one day, almost the same amount of Google stock is sold as what these insiders sold over 6 months.Why would anyone expect them to buy at this price? Just because they are insiders and it's some kind of obligation on their part?They are just exhibiting rational economic behavior. They are loaded with so much stock and the price is so high, it's a no brainer. It doesn't mean something nefarious is going on or that they don't believe in the company.Could it mean that they think the stock is fairly priced now at these levels or even overpriced? Well that's part of the reason people look at insider activity.